Recent Bitcoin news reveals that the all-time sales volume of the number one cryptocurrency’s NFTs has hit $4 billion, following the all-time sales of prominent altcoins like Ethereum, Solana, and Ronin. Meanwhile, the new altcoin KangaMoon is expected to further skyrocket in price after its debut despite the 400% gain thus far in its ongoing presale. Let us find out why.
KangaMoon Is One Of The Most Promising Altcoins To Watch
After generating presale revenue of more than $7.9 million, KangaMoon (KANG) continues creating waves in the cryptocurrency space. With traders and cryptocurrency aficionados joining the token’s network during its bonus phase, it appears that the dual-niched network is becoming more and more popular. KangaMoon wants to build a sustainable environment where users may prosper and make money without much trouble by combining aspects of SocialFi and GameFi.
Especially, the impending “Kangaverse” platform from KangaMoon uses a special Play-to-Earn mechanism to give users and traders a chance to make money. Here, players may take part in various activities including battle-themed competitions, speculative betting, trading in-game assets, and special giveaways to win prizes that are typically in the shape of KANG, the network’s native token, and other valuables.
Given its remarkable performance during the presale stages, KangaMoon now has over 32,000 registered users, of whom 10,000 are token holders. Beyond this, KangaMoon just partnered with RaidSharkBot in an effort to increase market reach and community involvement and eventually extend its influence throughout the crypto market and beyond.
The native KANG token has seen a significant price rise even though KangaMoon is still in its bonus presale phase. As such, the token has generated over 400% for early KANG token purchasers after the token’s price rose from $0.005 at the beginning of its presale to $0.025 at this point. Now offers a good entry point for prospective buyers as the token keeps growing, especially as CoinMarketCap and CoinGecko have listed the coin, and BitMart will soon list it.
Bitcoin NFTs Hit A New Milestone
Based on recent Bitcoin news, the NFT data tracker CryptoSlam revealed on June 4th that the total sales volume of NFTs on the Bitcoin blockchain surpassed $4 billion at its highest point. This amount comprises $82 million in wash sales and $3.97 billion in NFT sales. Bitcoin NFTs have sold $171 million in the last 30 days, making it the most popular blockchain in terms of sales volume.
Even though NFTs based on Bitcoin lead in 30-day volumes, their sales rank only places them as the fourth largest blockchain. Meanwhile, the Bitcoin price has risen by almost 3% within the past week. Currently trading above the $69K mark, holders maintain optimism as they anticipate the Bitcoin price crossing its ATH soon.
Ethereum Price Targets New ATH
The Ethereum price is getting almost to $4,000 after which it targets a new ATH. This rise aligns with speculation that a big price surge could be started by a recent ETF approval. At writing, Ethereum was worth $3,777. At $12.2 billion, the 24-hour Ethereum trading volume saw a decline. Moreover, the Ethereum trading volume is down by 10.61% although the market capitalization of the altcoin is $453.5 billion.
Strong financial activity is also shown by the approaching record high of $47 billion in total value locked in Ethereum’s Layer-2 networks. Given the recent approvals of ETFs, investors in cryptocurrencies and major Ethereum stakeholders are optimistic about the potential rise in institutional investments.
Solana Price Chart Analysis
After more than a month of consolidation between $116.00 and $164.50, Solana (SOL), which is valued at $76.3 billion and ranked fifth in market capitalization, broke through the $164.50 resistance level. With this breakout, it began its journey toward $216. As can be seen from the Solana price chart, the Solana coin experienced selling pres
sure once more after rising above the $164.50 resistance level and reaching a high of $189.
In the meantime, the price of a single token of Solana has increased by 13.42% in the last 30 days, from $147 to $166. Furthermore, after experiencing selling pressure from the $189 level, the Solana coin has recovered above the $164.50 support level. Solana’s decline might pick up speed if it moves back into the $116.00–$164.50 range. However, Solana’s price is likely to move toward the $216 resistance if it closes above the $164.50 support every day.
Ronin Price Prediction
As per a recent Ronin price prediction, the value of Ronin is expected to decrease by 10.33% and arrive at $2.78 on July 4, 2024. Moreover, technical indicators indicate that the current mood is bullish. Over the previous 30 days, the Ronin coin had 13/30 (43%) green days and 8.01% price volatility. The forecast for Ronin indicates that this is a good time to purchase Ronin.
Based on past Ronin price fluctuations and BTC halving cycles, the 2025 annual low price prediction for the Ronin coin is projected to be $2.10. It is anticipated that the Ronin price will rise to $5.5 in the upcoming year. The current range for the price prediction of Ronin in 2025 is $2.10 at the low end and $5.5 at the high end. In 2025, if Ronin hits the higher price target, Ronin might gain 77.4% relative to its current price.
Will The Percentage Price Ascent Of KangaMoon Be Equivalent To Other Top Altcoins?
Given KangaMoon’s present course, analysts have a very optimistic outlook for the altcoin. According to experts, KangaMoon is one of the most promising altcoins to watch as it is expected to reach $1 by the end of the year, especially since the token recently announced that it will be listed on BitMart and another prestigious cryptocurrency exchange, making it capable of competing with other top altcoins.
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